MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... measured on the y - axis divided by the change in the value of the variable measured on the x - axis . We use the Greek letter A to represent " change in . " Thus Ay means the change in the value of the vari- able measured on the y ...
... measured on the y - axis divided by the change in the value of the variable measured on the x - axis . We use the Greek letter A to represent " change in . " Thus Ay means the change in the value of the vari- able measured on the y ...
˹éÒ 200
... measured on the y - axis decreases and con- sumption of the good measured on the x - axis increases . The more perfectly two goods substitute for each other , the straighter are the indifference curves . The less easily they substitute ...
... measured on the y - axis decreases and con- sumption of the good measured on the x - axis increases . The more perfectly two goods substitute for each other , the straighter are the indifference curves . The less easily they substitute ...
˹éÒ 481
... measured , and sometimes they cannot . When they cannot be measured , they are subjective probabili- ties . People's attitudes toward risk are described by their utility of wealth schedules and curves . Greater wealth brings higher ...
... measured , and sometimes they cannot . When they cannot be measured , they are subjective probabili- ties . People's attitudes toward risk are described by their utility of wealth schedules and curves . Greater wealth brings higher ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers